Bitcoin retirement benefits

[Lida93]

Anybody who works does that so that he might have a better living but when we move to savings and investment for the future in which bitcoin investment is one of the best ways of securing a brighter future after retirement. Like you said it is hitch-free and stress-free, stay in the comfort of your home and enjoy all that you've worked for.

Life in reality is not always as it is in the movies where the actor ends up achieving his plans at the end exactly as he planned. If we're to rate bitcoin against other cryptocurrencies the difference is clear that bitcoin is the best amongst them all but that doesn't guarantee that people should stock in their retirement benefit plan on it. No one can really say for sure what the future of bitcoin does look like in the next 20 years, so wether it's hitch free or stress free it's still not a guarantee to put all our money in bitcoin as a retirement investment plan.

There are so many ways to make a retirement investment plan and  I think bitcoin should be a fraction of many of it you make and not just wholly sinking all your eggs into it.

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[Nwada001]

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin.

I don't think Bitcoin should still be considered a new asset. If Bitcoin were to be a person, that is, a foreigner living in a foreign land, 10 years is enough to make it a citizen of that country, which will consider it not to be a stranger any more. So to me, Bitcoin is actually no longer a new asset as far as I am concerned, and if I may ask, how long do you want Bitcoin to stay before you can consider it old enough to be worth your investment or pass the risk requirements?

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

[Texac]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

[Nwada001]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Do you calculate bitcoin risk by recognition, or do you calculate bitcoin risk by both recognition and volatility?
There is every tendency that any investment with a high possibility of a higher reward always has a greater risk when you view it from the financial studies and adviser point of view.

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

[Smartvirus]

Placing bitcoin side by side with retirement funds as relates to the context in which OP is referring doesn't seem right to me. Your galking about a package in comparison with money or an asset (bitcoin). They both aren't the same but still, has value attached.

Retirement funds as regards banks, government/organisations and individuals is a package prepared by either the government or the organisation for which the individual is affiliated to save a portion of there income as a retirement fund and gratuity for years of services.

Investing in bitcoin is a whole different story. In fact, it has almost no deference as operating a fixed deposit account. The only difference is in the currencies involved and the rudiments about there operation.

[awik p]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Do you calculate bitcoin risk by recognition, or do you calculate bitcoin risk by both recognition and volatility?
There is every tendency that any investment with a high possibility of a higher reward always has a greater risk when you view it from the financial studies and adviser point of view.

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

Bitcoin is a risky investment because we don't understand how to treat it as an investment. indeed the problem with high volatility is that its value will quickly decrease due to a decline. that's where people sometimes feel worried and eventually leave the market and lose money. but if you keep holding it, the number of bitcoins will remain the same, just waiting for an increase. the problem is when no one knows when the price will recover, so many people are frustrated because they are waiting with uncertainty about the time

[Dr.Bitcoin_Strange]

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

I quite agree with you. There were times in the past when real estate and gold investments were really taken seriously as the major means of investment, but currently, I think there are a lot of people on the Bitcoin investment train. It's not as if there are no people still clamoring for gold and real estate investment, but not as much as before.

The era is gradually reducing compared to before, but I don't believe it can permanently disappear, it has been the old means of investment, so it will yet continue to exist. It won't exit; they will be there, but the value may be reduced compared to what we are seeing now.

[Wend]

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin.

I don't think Bitcoin should still be considered a new asset. If Bitcoin were to be a person, that is, a foreigner living in a foreign land, 10 years is enough to make it a citizen of that country, which will consider it not to be a stranger any more. So to me, Bitcoin is actually no longer a new asset as far as I am concerned, and if I may ask, how long do you want Bitcoin to stay before you can consider it old enough to be worth your investment or pass the risk requirements?

I call it new because I am comparing bitcoin to gold and real estate, 2 assets that are thousands of years old, while bitcoin is 14 years old, if it is not new, it is too young. It's risky not just because it's young but look at its capitalization, its popularity. The market capitalization is just over $1 trillion, which is 1/10 of gold and 1/80 of the stock market. Many countries have yet to recognize it as a real asset...all of this suffices to say it's too risky. But in return, the higher the risk, the higher the profit potential.

[zanezane]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Bitcoin is a long term, depends on you how will you handle it but keep in mind that the Bitcoin's price is not stable. I agree to you that is bitcoin is riskier than other assets, no one can tell its price in the future. There are still don't know about bitcoin and some are still confused what is bitcoin. It is good to start sharing knowledge to those are interested. And the fact that the Bitcoin is decentralized is getting more risky.

[Peanutswar]

Bitcoin could be ideal to use as your additional investment and accumulate as possible and could be used for your retirement plan, but of course, you better make sure you have extra money besides it. We know how does the bitcoin volatile, and you make an investment during the ATH, and at that point, you want to retire, and the market falls it could be a large unrealized lose for you because you failed to watch the market and to secure your future retirement. Still ideal to have a plan until when you will hold and sell at that point. We are heading to your retirement plan to a rest and not stress because you lose a lot of money.

[Texac]

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

fade away?  Gold remains the most sought after asset by countries during this crisis, while real estate is the favorite asset of the rich, and they consider it a better investment than gold. as for bitcoin, we invest in it because we don't have too much money to invest in the other two assets. We take risks to make a lot of money and get rich quickly to catch up with other rich people. i also prefer investing in bitcoin to these 2 assets, but I don't want to badmouth them as they are the 2 assets that are still rated as the best, so far.

[Claymore2]

Investing in Bitcoin can be both advantageous and risky. While it offers potential for a bright future, its volatility should not be overlooked. Market fluctuations can lead to substantial losses. Diversifying investments and keeping some cash on hand for immediate needs is prudent.

[Magic-Money]

Bitcoin is a digital assets which one used as a means of payment and purchase of good's and services online, Bitcoin transaction has no limited of country, as long the wallet address is correct for the destination. In other words is a good idea to saved Bitcoin for retirement, mostly here in Africa, government no have your time as a retirement staff, because them find it difficult to pay for pensioners.

[Kelward]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

I totally agree with you that it is very important to have a plan b, especially when we are planing about our finance regarding our retirement. Because if we don't plan right, we may not have a feasible plan b, when we're old and retired. Therefore as you have noted, it is important that when you invest in bitcoin to earn the financial returns in your retirement, you should have a plan b investment or savings, as an alternative in case the value of your bitcoin investment falls flat as at your retirement period. Nobody can really predict the future, therefore we should not put all our resources in one investment as regards to our retirement.

[drwhobox]

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Among these two types of investment, gold is somewhat safe. You can buy gold and leave it for years without any stress but when it comes to bitcoin it is much riskier than gold or real estate. But with bitcoin investment, you get the most satisfying result among any other investment assets.

I don't believe in OP's retirement, I don't need retirement because if I got enough bitcoin now in my wallet and I have other sources of passive income, I can enjoy life traveling with my family, and bitcoin will act like my saving for my family.

[Captain Corporate]

Another thing came to mind, if I could somehow manage to retire, even at late age, that means that my kids can do whatever they like. I mean they would be a bit on the older side if I get rich later on, but I always assumed being rich would get them to live a happy rich life, but never assumed from the business stand point, maybe they won't do none and just be rich, but we are talking about changing whole life. Think about this for a second, lets assume that you are rich enough that you do not have to work, what would you all day? Sure some say just lay all day and watch movies and play games and basically do nothing, but some people may actually do the job they love, I always thought about the first, but the latter. This means they can do any job they want, never though about that.

[wxa7115]

Another thing came to mind, if I could somehow manage to retire, even at late age, that means that my kids can do whatever they like. I mean they would be a bit on the older side if I get rich later on, but I always assumed being rich would get them to live a happy rich life, but never assumed from the business stand point, maybe they won't do none and just be rich, but we are talking about changing whole life. Think about this for a second, lets assume that you are rich enough that you do not have to work, what would you all day? Sure some say just lay all day and watch movies and play games and basically do nothing, but some people may actually do the job they love, I always thought about the first, but the latter. This means they can do any job they want, never though about that.

Funnily enough the majority of those which become rich do so because they actually like their jobs, after all it is obvious that someone which likes what they do for a living will outwork, outsmart and outperform anyone which does not like what they do.

So in a way those people have not worked a single day of their lives, and even if they become rich they have no intention to retire and instead they keep working and accumulating wealth, as this comes naturally to them.

[reagansimms]

The points you outlined above are mostly the advantages of having Bitcoin as a retirement asset to enjoy in old age. Behind the benefits you describe, there are several other factors that make someone have to share their investment in several parts.
Land investment might be considered because the price continues to increase from year to year, unlike Bitcoin, which is highly speculative, making you have to wait to sell it if the price is dropping. Your topic direction is very good, you are more dominant in inviting those discussing here to save their wealth in the form of assets as funds that can be enjoyed in old age.

[Maidak]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

I totally agree with you that it is very important to have a plan b, especially when we are planing about our finance regarding our retirement. Because if we don't plan right, we may not have a feasible plan b, when we're old and retired. Therefore as you have noted, it is important that when you invest in bitcoin to earn the financial returns in your retirement, you should have a plan b investment or savings, as an alternative in case the value of your bitcoin investment falls flat as at your retirement period. Nobody can really predict the future, therefore we should not put all our resources in one investment as regards to our retirement.

Not only with bitcoin but all other assets, when investing, we always have to have a backup plan because the future is unpredictable, anything can happen. Moreover, if it is bitcoin, a volatile and uncertain asset, then we have to be even more careful. In my opinion, the best way is to diversify into safe assets like gold or real estate. Never put all your eggs in one basket. Don't put your future in a risky asset like bitcoin even though its returns are attractive.

[romero121]

When our future retirement benefits were invested through fiat based investment plans we wear supposed to go through a stepped process. The step by step process involves filling out application, verifying KYC, adding nominee comma final settlement bond, regular premium timeline, etc. With Bitcoin based investment all these things get solved with the usage of single wallet. It is more than enough to deposit bitcoin regularly or do it whenever you are able to make some deposits. This will ease the choice of investing than allocating regular funds for the investment plan. Just the accumulation and holding is enough to enjoy the retirement. This way in each and everything there is advantage on bitcoin as retirement fund against the fiat investment schemes.